ECONOMIC REFORM AND SOUTH ASIAN DEVELOPMENT: REVIEW OF LESSONS FROM THE EXPERIENCE OF EAST AND SOUTHEAST ASIA

Abstract

This paper argues that one must be careful in drawing lessons from the development experience of East and Southeast Asia. The economic strategy followed by these countries was not one of free trade, or even simulated free trade. Instead, in these countries key conditions were created which provided hospitable environments for investment coordination. It was the ensuing boom in investment which generated rapid economic development. The current economic problems of this region are not the result of corrupt states or crony capitalism, none of which are new to the region, but the result of an inability to engage in economic restructuring

Citation

Grabowski, R. (2000), "ECONOMIC REFORM AND SOUTH ASIAN DEVELOPMENT: REVIEW OF LESSONS FROM THE EXPERIENCE OF EAST AND SOUTHEAST ASIA", International Journal of Commerce and Management, Vol. 10 No. 2, pp. 1-19. https://doi.org/10.1108/eb047399